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XE Market Analysis: British PM Pens June 30th Extension Letter Littered with “Ifs” and “Buts”

By: xemarketanalysis

OVERVIEW The US dollar set to end the week on a strong note after solid NFP employment data. GBP/USD plummets to a three-day low on Brexit extension. WTI is waiting to make a higher move after strengthening 4.4% this week. HIGHLIGHT The British Pound tanked to a three-day low as the market showed their disappointment of a new Brexit extension. Read more

XE Market Analysis: North America - Apr 05, 2019

By: XE Market Analysis

Currency market participants have for the most part been directional unambitious ahead of the U.S. employment report, which, as always, brings potential to upside the apple cart of global market sentiment. EUR-USD has hunkered down in the lower 1.1200s, consolidating a three-week bear phase that left a one-month low on Tuesday at 1.1183. Read more

XE Market Analysis: Europe - Apr 05, 2019

By: XE Market Analysis

A firmer Pound and a softer Yen have been the main themes in otherwise directionally subdued trading in the main currencies so far today. Cable recouped above 1.3100, while EUR-GBP has ebbed back some after rallying yesterday. There are reports that it will become clear later today whether Prime Minister May's endeavours to seek a compromise Brexit deal with Labour will work, which if it is to work would be something along the lines of May's existing EU Withdrawal Agreement plus a guarantee for the UK to permanently remaining in the customs union, possibly subject to a confirmatory referendum. Read more

XE Market Analysis: Asia - Apr 04, 2019

By: XE Market Analysis

The Dollar was fairly steady at slightly elevated levels through the N.Y. session on Thursday. Weekly jobless claims, which came in a 40+ year lows provided some early support, though overall, the market looked to be somewhat sidelined ahead of the key March U.S. Read more

XE Market Analysis: Pause. Rewind. Replay. Brexit Saga Sounds like A Broken Record.

By: xemarketanalysis

OVERVIEW The US dollar trading broadly higher ahead of key NFP employment data. GBP/USD remains volatile as the House of Commons prepares to vote again. WTI steadies near six-month high with a barrel now trading $62.75. HIGHLIGHT The Canadian dollar is trading between key technical levels against the US dollar. Read more

XE Market Analysis: North America - Apr 04, 2019

By: XE Market Analysis

Narrow ranges have been prevailing among the main Dollar pairings and associated cross rates, while global equity markets have sputtered and oil prices have pulled back from the five-month highs that were seen yesterday. German February manufacturing orders unexpectedly slumped 4.2% m/m in February, which, while putting a little weighted on the bearish end of the EUR-USD scales, followed data yesterday showing U.S. Read more

XE Market Analysis: Europe - Apr 04, 2019

By: XE Market Analysis

The Dollar majors have been trading mixed so far today. USD-JPY has traded a less than 20-pip range so far today, centred on 111.40-45. EUR-JPY and most other Yen crosses have also been directionally dormant, though AUD-JPY managed to edge out a one-month high at 79.46, buoyed by a generally finer Australian Dollar. Read more

XE Market Analysis: Asia - Apr 03, 2019

By: XE Market Analysis

The Dollar pulled back from Tuesday's near one-month high during the European morning session, before bouncing slightly in N.Y. trade. The DXY ranged between 97.17 and 97.00 through the session. Hopes for progress in U.S.-China trade talks took some safe-haven demand away from the USD. Read more

XE Market Analysis: British PM Says It Takes Two to Tango on Brexit Deal

By: xemarketanalysis

OVERVIEW The US dollar broadly lower this morning as investors switch to risk-on activities. GBP/USD rallies to its highest level in a week as UK PM meets Leader of Opposition to find a breakthrough. Oil futures climbed above $62 a barrel, strengthening gain to 38% this year. HIGHLIGHT The Australian dollar is trading at its highest level in a week, strengthening nearly 1% today. Read more

XE Market Analysis: North America - Apr 03, 2019

By: XE Market Analysis

The Dollar and Yen have been softening against most currencies as a risk-on sentiment continued to course through global markets. European stock markets rallied, the MSCI Asia-Pacific (ex-Japan) equity index printed a fresh seven-month high, while oil prices posted fresh five-month highs. Read more

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